An Easy Way to Make a Money: Buy Bitcoin Before Chinese New Year in 2025 and Sell It After a Few Days
Every year, as Chinese New Year approaches, there's a noticeable uptick in market activity, affecting not only traditional assets but also cryptocurrencies, specifically Bitcoin (BTC). A strategy of purchasing BTC before the holiday and selling it a few days later has proven potentially profitable for investors, based on historical data and market trends.
Why Chinese New Year?
Chinese New Year, or Lunar New Year, is one of the most significant holidays in China and East Asian countries. During this period, there's a substantial increase in trading volumes as many people receive cash gifts in red envelopes, leading to a surge in consumer spending. It's also a time when investors.
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Impact on Bitcoin:
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Increased Demand: Chinese investors often see Bitcoin as a convenient asset for portfolio diversification and inflation protection, especially before holidays when markets can be more volatile.
Festive Effect: Market sentiment turns more optimistic, which can lead to an increase in stock, currency, and of course, cryptocurrency prices.
Statistics from Past Years
Historical data indicates that in the period before and immediately after Chinese New Year, Bitcoin's price tends to show an upward trend:
2021: Chinese New Year fell on February 12. The price of Bitcoin rose by 9% in the week leading up to the holiday, peaking at $48,000, before declining post-holiday.
2022: The holiday was on February 1. There was a 7% increase in the week before New Year, followed by a correction.
2023: The date of the holiday was January 22. BTC saw a 5% increase in the lead-up to the New Year, with a slight decline afterward.
2024: Celebrated on February 10. Bitcoin showed a 6% rise in the week before New Year, followed by steady growth.
Strategy for 2025
Based on these patterns, investors might consider the following strategy:
Purchase: Buy Bitcoin a few days before Chinese New Year (the date for 2025 will be announced closer to the end of 2024).
